By Paul Sandle and Brenda Goh LONDON (Reuters) - Euan Sutherland, the man tasked with rescuing Britain's 170-year old Co-operative Group, quit on Tuesday and warned it was impossible to reform the mutually owned company unless its directors adopted a more commercial approach. The Co-op, which runs a bank, supermarkets, and funeral homes, suffered what Sutherland called the worst year in its history in 2013 when it discovered a 1.5 billion pound ($2.5 billion) capital hole in its banking business.
The British are invading the U.S. comics market as publisher 2000 AD unveils "Brass Sun," a six-issue miniseries that is being published in the size and format of traditional titles printed by American counterparts.
Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offered to buy Men's Wearhouse for about $2.3 billion. The increased offer price of $65 per share announced on Tuesday is a premium of 5.1 percent to Jos.